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Probe Missing $2.1bn, N3.1trn Of Subsidy Payments Or Face Legal Action, SERAP Tells Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that US$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019, as documented by the Auditor-General of the Federation.”
SERAP urged him to “name and shame anyone suspected to be responsible for the alleged widespread and systemic corruption in the use of oil revenues and the management of public funds budgeted as fuel subsidy, and to ensure their effective prosecution as well as the full recovery of any proceeds of crime.”
SERAP also urged him “to promptly, thoroughly, independently, transparently and effectively probe all fuel subsidy paid by successive governments since the return of democracy in 1999, and to use any recovered proceeds of crime as palliatives to address the impact of any subsidy removal on poor Nigerians.”
In the letter dated 3 June 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. There will be no economic growth or sustainability without accountability for these human rights crimes.”
SERAP said: “Your government should urgently act to follow due process of law in any policy to remove fuel subsidy, ensure that suspected perpetrators of these crimes against Nigerians are brought to justice and full recovery of any missing public funds.”
SERAP also said, “Arbitrarily removing fuel subsidy without addressing outstanding accountability issues in the alleged mismanagement of oil revenues and fuel subsidy payments would amount to punishing poverty and further impoverishing the poor while letting high-profile officials and non-state actors get away with their crimes.”
The letter, read in part: “Any removal of fuel subsidy should not be used as a ploy to keep the poor in poverty while those who allegedly stole oil revenues and fuel subsidy payments keep their ill-gotten wealth.”
“Allegations of corruption in oil revenues and fuel subsidy payments suggest that the poor have rarely benefited from the use and management of the revenues and payments.”
“Poor and socio-economically vulnerable Nigerians should not be made to continue to pay the price for the stealing of the country’s oil wealth while state and non-state actors pocket public funds.”
“We would be grateful if the recommended measures are taken within 3 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.”
“The proposed panel should be headed by a retired justice of the Supreme Court or Court of Appeal, and its members should include people with proven professional record, and of the highest integrity that can act impartially, independently, and transparently.”
“A comprehensive approach that prioritises accountability and full recovery of missing crude oil and public funds is required to address the problems of the implementation of fuel subsidy since 1999.”
“According to the audited reports between 2016 and 2019 by the Auditor General of the Federation (AGF), the Nigerian National Petroleum Corporation (NNPC) failed to remit N663,896,567,227.58 into the Federation Account. The Auditor-General fears that the money may be missing.”
READ ALSO: Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank
“The NNPC also reportedly failed to account for the allocation of crude oil to refineries in 2019. 107,239,436.00 barrels of crude oil were lifted as domestic crude without any document. The Auditor-General fears that the crude valued at N55,891,009,960.63 may have been diverted.”
“The NNPC in 2019 also failed to remit N1,955,354,671,268.66 and N55,157,702,848.74 of generated revenues into the Federation Account, contrary to Section 162(1) of the Nigerian Constitution 1999 [as amended]. The Auditor-General fears that the money may have been diverted.”
“The NNPC also failed to account for N4,572,844,962.25 of ‘domestic gas receipts’, thereby ‘reducing the distributable revenue in the Federation account.’ The Auditor-General wants the money remitted.”
“The NNPC also in 2019 failed to account for 22,929.84 litres of PMS pumped from refineries and valued at N7,056,137,180.00. The Auditor-General fears that the PMS may have been diverted.”
“The NNPC also ‘illegally classified’ 239,800 barrels of crude oil valued at N5,498,045,220 as ‘crude oil losses.’ The Auditor-General fears that the crude oil may have been diverted.”
“The Department of Petroleum Resources (DPR) in 2019 also reportedly failed to remit US$1,278,364,595.49 in revenue to the Federation Account. The money was deducted by the NNPC from the Oil and Gas Royalty assessed by the DPR.”
READ ALSO: Probe Missing 149m Barrels Of Crude Oil In 2019 Or Face Legal Action, SERAP Tells Buhari
“The DPR in 2019 also deducted N19,840,081.29 as ‘stamp duty’ payments from contractors and consultants but the DPR instantly paid back the money to the contractors and consultants instead of remitting it to the treasury.”
“The DPR in 2019 also paid N137,225,973.35 to contractors and consultants for various contracts and consultancies but failed to deduct stamp duty. The Auditor-General wants the money recovered.”
“The DPR also paid N11,856,088,271.92 as salaries for 2019 but failed to deduct N118,560,882.72 as contribution of 1% Industrial Training Fund (ITF). The DPR in 2019 also failed to transfer US$35,738,342.95 year balance. The Auditor-General wants the money recovered and remitted.”
“The DPR in 2018 also withdrew without any explanation US$759,387,755.10 from DPR Signature Bonus Account rather than paid the money into the Federation Account.”
“Subsidy records show that N443,940,559,974.80 was paid as total subsidy for 2016 but the money was not budgeted for. The payments were for outstanding Petroleum Support Fund (PSF) commitments for year 2015.”
“However, there was no payment in 2016. Only outstanding payments for previous years 2014 and 2015 and interest payments were made in 2016.”
“The Auditor-General fears that the oil marketers that received the subsidy payments may not have been ‘eligible to draw from the Petroleum Support Fund as the Petroleum Products Pricing and Regulatory Authority (PPPRA) failed to provide any document on the payments.’”
READ ALSO: Missing N4b: SERAP Drags Lawan, Gbajabiamila To Court Over Failure To Institute Probe
“N39,141,210,181.74 was also paid from the Federation Account in 2016 to different Oil Marketers in 26 transactions, being Payments of Interest and Foreign Exchange Differential on Subsidy but without any document.”
“The NNPC also made ‘zero profit’ and recorded ‘losses from its joint ventures in 2016. This is contrary to expectations that profits should be made from the joint ventures.’”
“The Ministry of Petroleum Resources, Abuja in 2016 paid N14,490,000.00 for the supply of 3 Nissan Almera Saloon vehicles 1.5 to the Ministry without proper documentation. The purchase of ‘the vehicles were made through direct procurement without competitive bidding by at least three companies, as required by Financial Regulations. There was no advertisement and bidding for this contract.’”
“Although ‘N12,442,500.00 was approved by the Bureau of Public Procurement for the vehicles, the Ministry made an overpayment of N2,047,500.00 to the car company.’”
“SERAP urges your government to prioritise getting to the bottom of these allegations and ensure accountability for these serious crimes against the Nigerian people.”
“Promptly investigating and naming and shaming suspected perpetrators and recovering any missing public funds would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.”
“Section 13 of the Nigerian Constitution imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power.’”
“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’ Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”
“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate the plundering of the country’s wealth and natural resources and hold public officials and non-state actors to account for any violations.”
“Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.”
“Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.”
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OPINION: Time For The Abachas To Rejoice

By Lasisi Olagunju
General Sani Abacha was a great teacher. He pioneered the doctrine of consensus candidacy in Nigeria. He founded a country of five political parties and when it was time for the parties to pick their candidates for the presidency, all the five reached a consensus that the man fit for the job was Abacha himself. Today, from party primaries to consensus candidacy; from setting the opposition on fire, to everything and every thing, Abacha’s students are showing exceptionally remarkable brilliance.
Anti-Abacha democrats of 28 years ago are orchestrating and celebrating the collapse of opposition parties today. They are rejoicing at the prospect of a one-party, one-candidate presidential election in 2027. Abacha did the same. So, what are we saying? Children who set out to resemble their parents almost always exceed their mark; they recreate the parents in perfect form and format. Abacha was a democrat; his pupils inherited his political estate and have, today, turned it into an academy. Its classes are bursting at the seams with students and scholars. Aristotle and his Lyceum will be green with envy, and very jealous of this busy academy.
Like it was under Abacha, the opposition suffers from a blaze ignited by the palace. But, and this is where I am going: fires, once started, rarely obey and respect their makers.
My friend, the storyteller, gave me an old folktale of a man who thought the world must revolve around him, alone. One cold night, the man set his neighbours’ huts on fire so he alone would stand as the ‘big man’ of the village. The man watched with satisfaction as the flames rose, dancing dangerously close to the skies. But the wind had a scheme of its own. It hijacked the fire, lifted it, and dropped it squarely on the arsonist’s own thatched roof. By dawn, all huts in the village had become small heaps of ash.
Fire, in all cultures, is a communal danger; whoever releases it cannot control its path. The Fulani warn that he who lights a fire in the savannah must not sleep among dry grass, a wisdom another African people echo by saying that the man who sets a field ablaze should not lie beside raffia in the same field. Yet our rulers strike anti-opposition matches with reckless confidence, believing fire is a loyal servant that burns only the huts of opponents. They forget that power is a strong wind, and wind has no party card and respects none.
When it is state policy to weaken institutions, criminalise dissent and have rivals crushed with the excuse of order, the blaze spreads quietly, patiently, until it reaches the bed of its maker. Fire does not negotiate; it does not remember or know who started it (iná ò mo eni ó dáa). In politics, as in the grassland, those who weaponise flames rarely die with unburnt roofs over their heads.
MORE FROM THE AUTHOR:OPINION: The Girls Of Chibok, Maga, Papiri And Our Frankenstein
The folktale above is the story of today’s ruling party. People in power think it is wisdom to weaken, scatter, or destroy opposition platforms outright. They have forgotten the ancient lesson of the village: When you burn every hut around you, you leave nothing to break the wind when it blows back. A democratic system that cannibalises opposition always ends up consuming itself. Our First Republic is a golden example to cite here. History is full of parties that dug graves for their rivals and ended up falling inside.
Literature is rich with warnings about the danger of lighting fires; they more often than not get out of control. In Duro Ladipo’s ‘Oba Koso’, Sango is the lord of fire and ultimately victim of his fire. In Shakespeare’s ‘Macbeth’, we see how a single spark of regicide grows into a blaze of paranoia and bloodshed that ultimately consumes Macbeth himself. In D. O. Fagunwa’s Adiitu Olodumare, we see how Èsù lé̟̟hìn ìbejì is consumed by the fire of his intrigues; Chinua Achebe’s ‘Things Fall Apart’ shows a similar pattern with Macbeth: Okonkwo’s role in Ikemefuna’s death ignites a chain of misfortunes that destroys his honour and his life. In ‘The Crucible’, Arthur Miller’s characters take turns to unleash hysteria through lies, only to be trapped by the inferno they created. Ola Rotimi’s ‘The Gods Are Not to Blame’ and even Mary Shelley’s ‘Frankenstein’ echo the same lesson. Again and again, literature insists that those who start dangerous fires whether of ambition, deceit, violence, or pride, should never expect to sleep safely. Always, the tongue of the flames turns and returns home.
Abacha must be very proud that the democrats who fought and hounded him to death have turned out his faithful students. From NADECO to labour unions and to the media, every snail that smeared Abacha with its slime is today rubbing its mouth on the hallowed hallways of his palace.
Under Abacha, to be in opposition was to toy with trouble. Under this democracy, all opposition parties suffer pains of fracture. Parallel excos here; factional groups there. Opposition figures are in greater trouble. It does not take much discernment before anyone knows that Tiger it is that is behind Oloruntowo’s troubles; Oloruntowo is not at all a bad dog. But how long in comfort can the troubler be?
In 1996, Professor Jeffrey Herbst of the Woodrow Wilson School, Princeton University, United States, asked: “Is Nigeria a Viable State?” He went on to assert – and predict – that “Nigeria does not work and probably cannot work.” He said the country was failing not from any other cause but “from a particular pattern of politics …that threatens to even further impoverish the population and to cause a catastrophic collapse…” That was Nigeria under Abacha. We struggled to avert that “catastrophic collapse”; with death’s help, we got Abacha off the cockpit, and birthed for ourselves this democracy. Now, we are not even sure of the definitions of ‘state’, ‘viable’ and ‘viability’. What is sure is that the “particular pattern of politics” that caught the attention of the American in 1996, is here in 2025. As it was under Sani Abacha, everyone today sings one song, the same song.
Abacha died in 1998; Abacha is alive in 2025. It is strange that his family members are not celebrating. How can you win a race and shut yourself up? My people say happiness is too sweet to be endured. The default response to joy is celebration but we are not seeing it in the family of the victorious Abacha. Because the man in dark goggles professed this democracy, this democracy and its democrats have apotheosised Abacha; he is their prophet. They take their lessons from his sacred texts; his shrine is their preferred place of worship.
MORE FROM THE AUTHOR:OPINION: Absurd Wars, Absurd Lords
“As surely as I live, says the Lord, every knee will bow before Me; every tongue will confess to God.” – Romans 14:11. Our political lords copied those words and, in profaned arrogance, read it to Nigeria and its terrorised people. Now, everyone, from governors to the governed, bows; their tongue confesses that the president is king, unqueriable and unquestionable.
When a man is truly blessed, all the world, big and small, will line up to bless him and the work of his hand. Governors of all parties are singing ‘Bola on Your Mandate We Shall Stand.’ In the whole of southern Nigeria, only one or two governors are not singing his anthem. Northern governors sing ‘Asiwaju’ better and with greater gusto than the owners of the word. In their obsessive love for the big man’s power and the largesse it dispenses, they assume that ‘Asiwaju’ is the president’s first name. They say “President Asiwaju.” The last time a leader was this blessed was 1998 – twenty-seven years ago.
Our thirst for disaster is unslaked. All that the man wanted was to be president; he became president and our progressive democrats are making a king out of him. And we watch them and what they do either in sheepish horror, complicit acquiescence or in criminal collusion. We should not blame the leader for seeing in himself Kabiyesi. That is the status we conferred on him. Even the humblest person begins to gallop once put on a horse. True. Humility or simplicity disappears the moment power unlimited is offered.
The chant of the president’s personal anthem is what Pawley and Müllensiefen call “Singing along.” It is never a stringless act. Worse than Abacha’s Two-Million-Man March, we see two hundred million people, crowds of crowds, move together in one voice, bound by an invisible script and spell. We feel a ‘terrorised’ democracy where citizens learn, through bowing, concurring and context rather than conviction, to sing the song of the kingly emperor. People who are not sure of anything again discover that synchronised voices create safety, and belonging. They proceed to stage it as a ritual for economic and political survival.
The popular Abacha badge decorated the left and right breasts of many fallen angels. Collective chanting signalled loyalty and reduced individual risk. Under this regime of democrats, the badge will soon come, but the chant is louder and wider cast. Unitarised voices have become instruments through which power is normalised, and by which dissent is dissolved.
MORE FROM THE AUTHOR:OPINION: Kukah And A Nation Of Marabouts
Two years into this democracy in 2001, Nigerian-American professor of African history and global studies, Raphael Chijioke Njoku, warned that “new democracies often revert to dictatorships.” He was a prophet and his scholarship prescient. We are there.
There are sorries to say and apologies to drop. On September 8, 1971, Nigeria killed Ishola Oyenusi and his armed robbery gang members because they stole a few thousands of Nigerian pounds. Why did the past have to shoot them when it knew it would stage greater heists in the future? It is the same with Sani Abacha and his politics. Why did we fight him so viciously if this grim harbour was our destination? I do not have to say it before you know that the spirit of the dead is out celebrating its vindication.
American political scientist, Samuel Huntington, in his ‘The Third Wave’, lists four typologies of authoritarian regimes: one-party, personal, military and racial oligarchy. The last on this list (racial) we may never experience in Nigeria but we’ve seen military rule and its unseemly possibilities. The emergence of the first two (one-party and personal dictatorship) was what we fought and quenched in the struggle with Abacha. Unfortunately, the evil we ran out of town has now walked in to assert its invincibility. What did Abacha’s sons do that today’s children of Eli are not doing ten-fold? Democracy is a scam, or, at best, an ambush.
Politicians have borrowed God’s language without His temperament. They have restructured the Presidential Villa into Nigeria’s Mount Sinai where commandments descend on tablets of gold bars. The whole country has become an endless Sunday service; the president sits on the altar, ministers and party chieftains swing incense burners, emitting smokes of deceit and self-righteousness; the masses kneel in reverence and awe of power. They look up to their Lord Bishop, the president, as he dispenses sweet holy communion to the converted – and dips the bottom of the stubborn into baptismal hot waters. We were not fair to Sani Abacha.
We cannot eat banana and have swollen cheek. But we can eat banana and have swollen cheeks. What will account for the difference is the sacrifice we offer to the mouth of the world. The words of the world rebuke absolute power. By choking the space for alternative voices, my Fulani friend said the ruling party is setting the whole political village ablaze, including the patch of ground on which its own structure stands. No parties or leaders survive the inferno they unleash on others. The flame of the fire the ruling party ignites and fans today will, inevitably, find its way home tomorrow.
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Ex-Nigerian Amb., Igali, To Deliver Keynote Address As IPF Holds Ijaw Media Conference

…invites general public to grace event
A former Nigerian ambassador to Scandinavian countries, Amb (Dr.) Godknows Igali, is billed to deliver a keynote address at the second edition of the Ijaw Media Conference, scheduled for Wednesday, December 17, 2025, in Warri, Delta State.
In a statement jointly issued by Arex Akemotubo and Tare Magbei, chairman and secretary of the planning committee respectively, said the conference, with the theme: ‘Safeguarding Niger Delta’s Natural Resources for Future Generations,’ speaks to the urgent need for responsible stewardship of the region’s land and waterways.
According to the statement, the conference will feature
Dr Dennis Otuaro, Administrator of the Presidential Amnesty Programme, as the chairman while a former president of the Ijaw Youth Council, Engr Udengs Eradiri, will deliver the lead presentation.
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The statement described Otuaro’s chairing the event as a reflection of the conference focus on policy, accountability and sustainable development in the Niger Delta.
According to the statement, both the keynote speaker and the lead presenter are expected to shape discussions on environmental protection, governance and the role of the media.
According to the statement, the Speaker of the Delta State House of Assembly, Hon. Emomotimi Guwor, is expected to attend as Special Guest of Honour.
The statement further list Pere of Akugbene-Mein Kingdom, HRM Pere Luke Kalanama VIII, first Vice Chairman of the Delta State Traditional Rulers Council, as Royal Father of the Day, while Chief Tunde Smooth, the Bolowei of the Niger Delta, as Father of the Day.
Others include: Mr Lethemsay Braboke Ineibagha, Managing Director of Vettel Mega Services Nigeria Limited; Prof Benjamin Okaba, President of the Ijaw National Congress; Sir Jonathan Lokpobiri, President of the Ijaw Youth Council; Hon. Spencer Okpoye of DESOPADEC; Dr Paul Bebenimibo, Registrar of the Nigerian Maritime University, Okerenkoko; Chief Boro Opudu, Chairman of Delta Waterways and Land Security; and Chief Promise Lawuru, President of the Egbema Brotherhood.
The organising committee said the conference is expected to bring together journalists, policymakers, community leaders, and researchers to promote informed dialogue and collective action toward protecting the Niger Delta for future generations.
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Okpebholo Pledges To Clear Inherited Salary Arrears, Gratuities At AAU

Edo State Governor, Monday Okpebholo, has assured the management of Ambrose Alli University (AAU), Ekpoma, of his administration’s commitment to addressing accumulated unpaid salaries, gratuities and other critical challenges inherited from past administrations.
In a statement, Chief Press Secretary to the governor, Dr. Patrick Ebojele, said the governor gave the assurance when he received the Vice-Chancellor of the university, Professor (Mrs.) Eunice Eboserehimen Omonzejie, and members of her management team on a courtesy visit to Government House, Benin City.
Okpebholo, who congratulated the Vice-Chancellor and her team on their appointments, noted that their presentation underscored the depth of challenges confronting the institution.
“From what you have outlined today, it is clear that Ambrose Alli University was on life support. I must commend the progress you have recorded so far since assuming the office,” the governor said.
READ ALSO:JUST IN: Okpehbolo Appoints New VC For AAU
“I am impressed by your efforts, and I want to assure you that in any way possible, this administration will support the university to reposition it and restore its lost glory.”
Addressing the issue of accumulated salary arrears, the governor described the non-payment of staff salaries over several years as unfair and unacceptable.
“It is not right for people to work and not be paid. The issue of unpaid salaries, pensions and gratuities running into billions of naira is something I will take as a project,” he said.
“These are issues inherited from the past government, and we will address them.”
Okpebholo also acknowledged other concerns raised by the university management, including hostel infrastructure, accreditation-related challenges and facilities required for programmes such as Medical Laboratory Science.
READ ALSO:JUST IN: Okpehbolo Recalls Suspended Edo Attorney General
“This year’s budget is already at an advanced stage, but I expect that these critical needs will be properly captured in your budget proposals. Once that is done, we will see how best to move the institution forward,” he added.
Earlier, the Vice-Chancellor, Professor Omonzejie, explained that the delay in paying a courtesy visit to the governor was due to a recently concluded accreditation exercise and the need to carry out a comprehensive assessment of the state of the university.
She noted that the university she inherited was in a moribund state, plagued by infrastructural decay, unpaid salaries and accreditation challenges, among others.
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Omonzejie expressed profound appreciation to Governor Okpebholo for what she described as “life-saving interventions” since his assumption of office.
According to her, the governor’s approval of an increased monthly subvention, restoration of affected staff to the payroll, support for graduating backlog medical students, improved security logistics, and the facilitation of road construction through the Niger Delta Development Commission have significantly revived the institution.
She also formally presented pressing needs requiring urgent attention, including accumulated unpaid salaries, pensions, gratuities and union deductions, as well as the construction of lecture theatres and hostels to enhance accreditation and expand student intake, particularly in the College of Medicine.
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